New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-04

CLOSING PRICES OF CALIFORNIA 81 OOKS
SAN FRANCISCO, Aug 3. l331
WEDNESDAY, Aug. 3-P. n.


The Stock Exchange markets to-day presented degree
confidence which has before been witnessed In four
weeks The advances In prices were general andthey
were Gay because or the genuine anxiety
OF the operators" TO cover their shorts. who
been instrumental In working tho late depression
and who have provided all tho false statements which
have loaded newspaper columns and stock brokers
C.bankers") circulars with stories OF great
lookup OF money by the Treasury. That tho
shorts" anxious TO covor aud step
one side with the paper profits which present prices
show them Is fully demonstrated But It also Is fact
that there 10 be better supply OF real stock
than there month although the amount held
has been largely Increased by sales Of phantom or
short stocks OF every operator sells at the
highest and buys at the lowest but this s particularly
"true OF the large operators who assume 10 make the
prices after the fashion In which they order course on
their yachts. northeast. half north, while the grand
commodore OF the fastest steam yacht dare not make
suggestion to his captain. There good demand for
stocks, moderate In amount, but sufficient
to show that Wall Street lies have about
done their worst. 1t Ia beyond question that
large OF liquidation has been forced and that
ger amount has been frightened by tho absolutely
false statements concerning tho monetary situation
which have been printed in newspapers and BANKERS
circulars also that there has been steady
absorption OF stock by element which thinks for itself
and knows much about Treasury INSCRIPTIONS present
aud rs do tho bankers who for specan
circu startling
Never tho efforts break tho market aud some In
fuenal interest greater than those which recently have
put yet efforts have failed Of their
object It has set anoat rumors OF one,
and three and moro Interests, which
liable TO collapse II the Stock Exchange performed
duty Its clients 1t would find difficulty in BRING
ing authorities for the thousand false reports Of the
last month to the bar to plead to the law respecting
the circulation OF false reports calculated TO
inf vail trouble Ia
that too large q number OF the governors find their
bread and butter favorag the powers which originate
and give circulation the "bcarish reports Is the
influences which have spent millions OF dollars In
obtaining boardroom in tho shape OF and totally
united the business who little board around the
corner is constructing a building which Will give
them a suited TO Its purposes and
n rental for offices, etc, which will give the
Consolidated Stock and Petroleum Exchange rent free
Every one now knows that the strIngency money Ia
the days OF June simply manipulation TO which
one National banks and At least ono trust COM
pany lent their aid Every knows how certain In
forest ever has talked bullsh aud how every
rally Missouri Paciac and Western Union have broken
out IA the spots. II wonld be liDclious TO write
that Mr. Gould In such position as TO forco him 10
qudate and yet other papers with half tho provocaon
PLAY with the Of other Tho Gould stocks
have been the weak features OF this market for
weeks aud yet do not believe that Mr..
Gould either by necessity or by choice has lost
single hare Of his stock IL 10 the other fellow that
quidates and not Mr.. Could who In 1870 said :" the
oply dark spot the country Wall street" He
ali know. had stocks for sale perhaps he now
has some buy We have only slightly touched on the
principal factor In tho marzet- The recent de-
pre- ssion not warranted by the condition OF
the rcal aud mercantile In erests by railroad
earnings IL pure manipulation aided by bald lies
and consequently will be only ephemera In it, effects;
II has shaken out certain volume o. stocks from
timd and holders IL beyond doubt Whether
droppings have been secured by the mnnpulaors
or by new outside interest IL another question. But
there little doubt that the "shor" interest In its
gregae the close OF business tonght was at les maxi
num- The market closed strong close up 70 the best
figures OF the day.
Government bonds worc dull and hrmer with the bids
for the 4l2s advanced ls per cent Annexed are tie
closing quotations: